$EM - Emerging markets are underinvested after a decade of US dominance, with potential for capital rotation as investors seek opportunities outside the US. The dollar weakness is expected to continue, benefiting many emerging markets.
$BTC - Bitcoin is among the top performing asset classes year-to-date, showing strong performance alongside gold, European markets, and emerging markets.
$LATAM - Latin America has shown strong performance benefiting from US dollar weakness, with expectations for continued gains as the dollar weakens further.
$CHINA - China has rallied over 40% in the past year from extremely negative sentiment levels, with strong innovation in EVs, robotics, and infrastructure driving investor interest.
$MIDEAST - Middle East markets have performed well selectively, with Saudi Arabia and UAE pushing significant AI investments.
Bearish:
$USD - The dollar has already fallen 9% and is expected to weaken further, which would benefit many emerging markets.